Factsheet and Information Brochure
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Fund rules (166 kB)
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Semi-annual report (PF) (197 kB)
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Brief fund information
Summary SFDR (168 kB)
Pre-contractual SFDR
Pre-contractual SFDR (1146 kB)
Handelsbanken Norden Selektiv (A10 EUR)
Legal name: Handelsbanken Norden Selektiv (A10 EUR)
Equity Fund Registered in Sweden (UCITS)
Bid
About risk
Historical yields are not a guarantee of future returns. A fund can both increase and decrease in value and it is not guaranteed that you will recover the entire invested amount. Note that a fund with risk level 5-7, as stated in the fund's fact sheet (KID), can vary greatly in value due to the fund's composition and management methodology. The prospectus, fund rules and KID are available under each fund. Summary of investors' rights.
The fund is actively managed and invests in 16 to 35 equities issued by companies in Denmark, Finland, Norway and Sweden and thereby has a currency exposure in these markets. The fund's strategy is to create good returns over time through long-term investments.
For this fund, the fund company's Enhanced exclusion level applies. For information about sectors that the fund excludes, see the Detailed information tab.
The fund is reported as an Article 8 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
For this fund, the fund company's Enhanced exclusion level applies. For information about sectors that the fund excludes, see the Detailed information tab.
The fund is reported as an Article 8 fund pursuant to EU regulation 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
Fund Spotlight
The fund rules will be changed on 10 October 2025.Read more
Fund manager
Yvonne Sörberg Experience in the fund industry 1994. Portfolio Manager since 20 May 2019.
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The risk indicator provides guidance on the risk level for this product relative to other financial products. It shows the likelihood that the product will decrease in value due to market performance. Risk level 1 represents a low risk and risk level 7 is a high risk.
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30.09.2025
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The rating shows which funds have historically posted the strongest performance in relation to risk. Ratings are denoted by a scale of one to five stars, with five as the highest rating. A fund must have a performance history of at least three years to receive a rating.
Read more about the fund's rating |
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This fund promotes environmental and social characteristics through its investments but does not have sustainable investments as its objective. As a result, the fund takes into consideration the environment and climate, as well as human rights, employees’ rights and corruption. The fund is reported as an Article 8 fund pursuant to EU regulation on sustainability-related disclosures in the financial services sector (SFDR). |
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31.07.2025
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The sustainability rating is developed by the fund information company Morningstar. The rating measures how well the fund's investee companies manage sustainability risks relative to other funds within the same global Morningstar category. If the fund has invested in government bonds issued by sovereign states, the respective country's sustainability risk is included in the calculation. The analyzed funds can receive a sustainability rating between 1 and 5 globes, with 5 as the highest rating. The fund complies with the UN Principles for Responsible Investments. |
Graph
Performance
| Rate 14.10.2025 | 1 week | 1 month | 3 months | 2025 | 1 year | 5 years | 10 years |
|---|---|---|---|---|---|---|---|
| 71.75 EUR | -2.17% | 0.65% | 1.46% | 4.47% | -0.71% | 49.32% | - |
Portfolio 09.10.2025
Portfolio manager comments — Q3 2025
The fund delivered a slightly negative return during the period, underperforming its benchmark, the SIX SRI Nordic 200 Net Index. The main reason for the weaker relative performance was the subdued development of several holdings in defensive sectors, particularly pharmaceuticals. The top positive contributors to performance were Sandvik, Hexagon, and SEB. Sandvik performed strongly following a quarterly report showing solid order intake within the mining segment. Hexagon rose after divesting part of its business at an attractive valuation, which was well received by the market. SEB performed in line with the broader banking sector, which benefited from favorable market conditions during the quarter.
The largest negative contributors were Novo Nordisk, Kesko, Netcompany, and Novonesis. Novo Nordisk came under pressure due to concerns about potential U.S. regulatory measures aimed at lowering drug costs, as well as increased availability of lower‑priced alternatives with similar effects, so‑called compounders. The company also issued a profit warning ahead of its half‑year report, which further weighed on the share price.
During the quarter, the fund established a new position in AFRY, an engineering and consulting firm with exposure to industries undergoing transformation, such as energy, process industries, and infrastructure – including defense and transportation. The company has experienced a period of weaker growth and profitability relative to historical levels but has initiated a reorganization and cost‑saving program under new management. We assess that the company is well positioned for profitable growth from next year, and the valuation appears attractive relative to historical levels.
The fund also increased exposure to more late‑cyclical companies such as Atlas Copco and Epiroc, while reducing positions in more short‑cyclical holdings such as Sandvik, Autoliv, and Hexagon. The position in Handelsbanken was divested, as the stock is deemed to be trading at a premium relative to its historical valuation.
The fund maintains its focus on companies with sustainable business models and competitive offerings, with the objective of generating sustainable, profitable growth over time.
Portfolio distribution 30.09.2025
Geographic breakdown 30.09.2025
